Credit Card Late Fee Suit Kept in Texas Again by 5th Cir. (1)

A banking industry challenge to the Consumer Financial Protection Bureau’s rule capping credit card late fees at $8 will stay in Texas after a federal appeals court for a second time blocked an order transferring the case to Washington, D.C.

Judge Mark Pittman of the US District Court for the Northern District of Texas in a May 28 order transferred the lawsuit filed by the US Chamber of Commerce, the American Bankers Association, the Consumer Bankers Association, and three Texas trade groups. The case was better heard in the US District Court for the District of Columbia because no banks ...